Price is bearish. We can see that after the ftc that we broke bullish internally and tapped into a supply zone. Price reacted to the supply zone and pulled back to demand, where we have our current reaction. This demand zone is a flip and its valid for price to continue having a bullish reaction. Price did already tap into premium so it also valid to keep coming down. Make the case for both sides of the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.